Alesco Advisors LLC Purchases Shares of 3,796 Tompkins Financial Co. (NYSEAMERICAN:TMP)

Alesco Advisors LLC purchased a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,796 shares of the financial services provider’s stock, valued at approximately $229,000.

Other large investors have also added to or reduced their stakes in the company. Cornell University acquired a new position in shares of Tompkins Financial in the 4th quarter valued at about $1,898,000. Boston Trust Walden Corp lifted its holdings in shares of Tompkins Financial by 1.9% in the 3rd quarter. Boston Trust Walden Corp now owns 214,332 shares of the financial services provider’s stock valued at $10,500,000 after buying an additional 4,093 shares during the period. LVW Advisors LLC acquired a new position in shares of Tompkins Financial in the 4th quarter valued at about $246,000. SG Americas Securities LLC lifted its holdings in shares of Tompkins Financial by 31.3% in the 4th quarter. SG Americas Securities LLC now owns 3,718 shares of the financial services provider’s stock valued at $224,000 after buying an additional 887 shares during the period. Finally, Tompkins Financial Corp lifted its holdings in shares of Tompkins Financial by 1.6% in the 4th quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock valued at $71,133,000 after buying an additional 18,305 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Insider Buying and Selling

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,982 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $50.46 per share, for a total transaction of $100,011.72. Following the completion of the transaction, the director now owns 8,454 shares of the company’s stock, valued at approximately $426,588.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Tompkins Financial to a “sell” rating in a report on Friday, January 12th.

Tompkins Financial Price Performance

Shares of TMP stock traded up $0.48 during trading hours on Friday, reaching $46.33. The company had a trading volume of 38,283 shares, compared to its average volume of 66,868. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $667.62 million, a PE ratio of 72.39 and a beta of 0.65. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.22). The business had revenue of $71.21 million during the quarter, compared to analysts’ expectations of $74.58 million. Tompkins Financial had a return on equity of 1.48% and a net margin of 3.09%. Equities research analysts anticipate that Tompkins Financial Co. will post 4.94 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be given a $0.61 dividend. This is a positive change from Tompkins Financial’s previous dividend of $0.52. The ex-dividend date is Thursday, May 9th. Tompkins Financial’s dividend payout ratio is presently 375.00%.

Tompkins Financial Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.